Just to specify that despite the launch of the new consoles, Nintendo plans to make more money this fiscal year than they originally announced.
☆ NintendObs Event – Nintendo Q2 FY3/2021.
Notice of Full-Year Financial Forecast Modifications
November 5, 2020
Nintendo Co., Ltd. (the “Company”) modifies its financial forecast as set forth on May 7, 2020 as follows.
Financial forecast modifications for the year ending March 31, 2021 (April 1, 2020 – March 31, 2021) (million yen unless otherwise stated)
Net sales
Previous forecast (A) announced on May 7, 2020: 1,200,000
Modified forecast (B): 1,400,000
Increase (B)-(A): 200,000
Increase in percentage: 16.7
Year ended March 31, 2020: 1,308,519
Operating profit
Previous forecast (A) announced on May 7, 2020: 300,000
Modified forecast (B): 450,000
Increase (B)-(A): 150,000
Increase in percentage: 50.0
Year ended March 31, 2020: 352,370
Ordinary profit
Previous forecast (A) announced on May 7, 2020: 290,000
Modified forecast (B): 440,000
Increase (B)-(A): 150,000
Increase in percentage: 51.7
Year ended March 31, 2020: 360,461
Profit attributable to owners of parent
Previous forecast (A) announced on May 7, 2020: 200,000
Modified forecast (B): 300,000
Increase (B)-(A): 100,000
Increase in percentage: 50.0
Year ended March 31, 2020: 258,641
Reasons for modifications
Based on the sales performance for the six months ended September 30, 2020 and after, the Company modifies its financial forecast in consideration of the revised sales prospects.
The assumed exchange rates on and after October 1, 2020 for U.S. dollar and euro remain unchanged at 105 yen per U.S. dollar and 115 yen per euro.
— Nintendo Co., Ltd.
Source: Nintendo JP.
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